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Oil prices rise amid strong demand outlook in US and China

- Chinese economy rebounds, on an upward trajectory, China's President Xi Jinping says

10:41 Oil

Oil up over strong economic data from China, weakening US dollar

- Chinese authorities approve record fiscal stimulus package of 3 trillion yuan to boost economy, contributing to market optimism over future oil demand

31.12.2024 Oil

Oil up in thin trade as market awaits more demand cues

- Uncertainties around both supply and demand continue as US President-elect Donald Trump prepares to take office on Jan. 20

30.12.2024 Oil

Oil markets closed on Christmas

- Both benchmarks gained until the holiday

25.12.2024 Oil

Oil up over US economic growth data, trade limited ahead of Christmas break

- Recent US data on personal consumption expenditures and economic growth ease inflation concerns

24.12.2024 Oil

Oil falls as Fed adopts cautious stance on future rate cuts, strengthening dollar

- Concerns that demand will decline in China, world's largest oil importer, continue to pressure prices

20.12.2024 Oil

Oil prices up with US inventory drawdown, Fed rate cut

- Economy continues to grow at steady pace, labor market conditions ease, Fed says following decision to reduce rates by 25 basis points

19.12.2024 Oil

Oil prices up with Fed rate cut hopes, US demand surge

- Market participants await US Federal Reserve's policy decision and inflation data releases from Eurozone and UK

18.12.2024 Oil

Oil prices down with global inflation uncertainty

- Market players eye monetary policy by several major banks this week to gain insight on inflation

17.12.2024 Oil

Oil prices fall amid uncertainty over Fed’s 2025 roadmap

-Macroeconomic data indicating slowdown in US economic growth further put pressure on prices

16.12.2024 Oil

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Oil prices up following 2 week decline with positive economic signals

- Benchmarks up 4% during week ending Dec. 13 with demand hopes

13.12.2024 Oil

Oil prices down over growing supply surplus unease

- Expectation of increased demand in world's largest oil consumers, US and China, caps losses

13.12.2024 Oil

Oil prices up with fresh EU sanctions on Russia

- Sanctions include ban on shipping crude oil and some oil products transported by sea from Russia to EU

12.12.2024 Oil

Oil prices up with China demand hopes

- China calls for more active budget and moderately loose monetary policy for next year

11.12.2024 Oil

US energy agency lowers crude oil price forecasts for 2025

- International benchmark Brent crude estimated to average $73.58 per barrel next year

11.12.2024 Oil

Oil up with geopolitical upset in Middle East

- China's exports slow in November, amid expectation that US President-elect Trump will increase tariffs when he takes office in January

10.12.2024 Oil

Oil prices edge up over uncertainty in Middle East

- Decisions from major oil producer countries increase demand concerns, limiting upward movements

09.12.2024 Oil

OPEC+'s decision to keep production cuts push weekly prices down

- Oil cartel's decision and slowdown in world's two biggest economies help Brent prices around $70

06.12.2024 Oil

Oil prices drop following OPEC+ extension of supply cuts

- Macroeconomic data released in US signals slowdown in economic growth, further influencing downward price movements

06.12.2024 Oil

Oil drops amid demand concern and economic slowdown in China and US

- Rising expectations that the US Federal Reserve (Fed) might cut interest rates this month limits further price falls

05.12.2024 Oil

Romania to lengthen lifespan of 1st nuclear reactor with $2 billion contract

Türkiye to initiate trial production at Akkuyu in 2025: Turkish energy min.

Meta seeks advice from nuclear power developers to help meet its AI goals

US set to triple nuclear power goal by 2050

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Highlights of Türkiye's energy market in 2024

Global coal demand peaks in 2024, to plateau until 2027: IEA

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Spot market natural gas prices for Friday, Dec. 29

US LNG carrier set to arrive in Türkiye on Jan. 13

bp begins 1st flow from West African offshore LNG project

Türkiye's LPG production down 14.6% in October

Türkiye's LPG production down 27% in September 2024

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US crude oil inventories down 1% for week ending Dec. 1

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

US oil rig count down by 2 for week ending Aug 16

Scottish government approves £150 million offshore wind fund

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Germany's Enercon and partners to install 2,500 MW of onshore wind in Türkiye

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Türkiye's solar power soars to record heights in 2024: Ember

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Hydro provides majority of Norway's power in January

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Türkiye's licensed power generation up 4.64% in October

Türkiye's daily power consumption up 14.7% on Dec. 23

bp, Abu Dhabi’s XRG form joint venture for gas in Egypt

Spot market electricity prices for Monday, Dec. 16

Scottish government approves £150 million offshore wind fund

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

Global leaders of energy sector to convene at İstanbul Energy Forum

UN weather agency says 2024 on track to be warmest year on record

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

Vitol to invest $550 million in clean cooking technologies in Africa

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Türkiye's LPG production down 6.3% in October

Highlights of global energy market in 2024

Israel continues "unlawful" approach to Palestinian natural resources

EU adopts 14th package of Russia sanctions